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During the first week of january, an employee works 46 hours. for this company, workers earn 150% of their regular rate for hours in excess of 40 per week. her pay rate is $16 per hour, and her wages are subject to no deductions other than fica social security, fica medicare, and federal income taxes. the tax rate for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the current futa tax rate is 0.6%, and the suta tax rate is 5.4%. both unemployment taxes are applied to the first $7,000 of an employee's pay. the employee has $80 in federal income taxes withheld. what is the amount of this employee's gross pay for the first week of january?
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During the first week of january, an employee works 46 hours. for this company, workers earn 150% of...
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